
Topic
Trade agreements 101: why ratification is the hard part
Negotiators can settle a deal in years. Getting legislatures in every country to say yes takes longer, and sometimes kills the pact.

Negotiators can settle a deal in years. Getting legislatures in every country to say yes takes longer, and sometimes kills the pact.

A deficit measures one year of goods flows. It does not measure whether a country is winning, losing, or getting poorer.

Imports, exports, tariffs and trade balances, explained with the everyday goods they show up in.